Singapore
Loan growth & higher fees prop up Singapore banks’ earnings in Q1
Loan growth & higher fees prop up Singapore banks’ earnings in Q1
DBS’ and OCBC’s DPS are likely to rise in H2.
UOB appoints Mark Tan as head of internal audit in Hong Kong
Tan will oversee all audit functions for UOB Hong Kong.
Atome’s BNPL debuts on Taobao Singapore
Every Saturday, Atome shoppers can enjoy a $12 off for a $120 minimum spend.
MAS appoints trade minister Gan Kim Yong as new chairman
He will be replacing DPM Lawrence Wong.
OCBC launches $676.95m fixed rate subordinated notes
The notes will have a coupon of 5.52% annually.
SGX welcomes ETF tracking APAC financial institutions
It has S$47m in assets under management at launch.
Why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.
UOB grants 30,400 shares to eligible non-executive directors
The share awards are part of the directors’ remuneration for 2023.
OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76
Higher wealth management and insurance income pushed up fee income.
OCBC courts Great Eastern with S$1.4b offer
The bank plans to increase its investment beyond its current 88.44% stake.
DBS names Ping An Tech’s Eugene Huang as bank CIO
Huang led a team of 22,000 employees in Ping An to provide IT offerings.
Citi names Damien Tan as head of corporate bank for Singapore
Tan was previously head of local corporates for Citi Singapore.
DBS CEO Piyush Gupta sells S$2.69m bank shares
He still holds over 2.715 million shares in DBS.
UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips
Trading and investment income hit a record high, however.
UOB to maintain good asset quality amidst profitability dip
The bank is also expected to have a steady core capital ratio.
DBS to maintain strong solvency, robust funding: Moody’s
It is anticipated to sustain high profitability with return on assets of around 1.3%.
Olea, Standard Chartered forge alliance to empower SMEs
The alliance signals a proactive effort to support SMEs by leveraging digital innovation and financial services.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Singapore in talks with banks to enhance financing schemes for businesses 3. Fintechs, banks unite for win-win 4. SMBC names Luis Pereira as co-regional CIO for APAC 5. Hang Seng Bank restructures business, will cut 1% of core staff: reportResource Center
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